George Devol received the US patent 2,988,237 for “Programmed article transfer” on 13th June 1961. It resulted in the first programmable industrial robot, the Unimate, created by both Devol and Joseph Engelberger. The robotic (arm) was put to use on an assembly line where it picked up die castings and welded them on auto bodies.
The patent for the robot had been filed by Devol on 10th December 1954.
In one of the largest domain name sales, business.com was sold by Marc Ostrofsky for $7.5 Million. Ostrofsky had originally purchased the domain name for $150K. After a few years (2007), the web site as well as the domain name was bought by RH Donnelley for $350 Million! Domainer Marc Ostrofsky is also famous for having coined the phrase "Domain Names are Internet Real Estate". [more...]